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<ul class="news-points"> 
 <li><strong>Miles of the Crypto Banter YouTube channel has analyzed the recent Bitcoin bullish behavior.</strong></li> 
 <li><strong>The analysis is based on information from centralized exchanges and on-chain data.</strong></li> 
 <li><strong>Bitcoin’s recent rally is also consistent with expectations from technical indicators.</strong></li> 
</ul> 
<p>Miles, the host of the Crypto Banter YouTube channel, has analyzed the recent Bitcoin bullish behavior. The renowned crypto analyst used information from centralized exchanges and on-chain data to determine the reasons behind the recent spike in <a href="https://coinedition.com/bitcoin-btc-price-prediction/">Bitcoin’s price</a> and that of other cryptocurrencies.</p> 
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<p>According to Miles, Bitcoin’s recent rally is consistent with expectations from technical indicators. He noted that the determinant factor was the bounce off the $25,200 support established in June when BlackRock publicized plans to apply for a Spot Bitcoin ETF. Miles observed that Bitcoin entered a new range between $25,000 and $27,000.</p> 
<p>Miles used the open interest indicator to reveal some of the “behind the scenes” activities of Bitcoin whales. Open interest indicates the Futures positioning of the market for both long and short positions. According to Miles, he observed the highest open …</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/crypto-analyst-explains-the-reasons-behind-bitcoins-latest-rally/">Crypto Analyst Explains The Reasons Behind Bitcoin’s Latest Rally</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Analyst Explains The Reasons Behind Bitcoin’s Latest Rally

Coin Edition

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